Banking

  • October 22, 2026

    Epstein Aides Deny NM's Claims They Enabled Sex Trafficking

    The co-executors of Jeffrey Epstein's estate on Wednesday denied allegations in a new federal lawsuit that they enabled the financier's expansive sex trafficking operation, with their counsel questioning the New Mexico attorney general's motivations for filing it.

  • October 22, 2026

    JPMorgan, Ex-Frank Execs Clash Over $2.1M In Legal Fees

    JPMorgan Chase & Co. faced renewed demands in the Delaware Chancery Court on Thursday to pay about $2.1 million in withheld legal fees for convicted Frank founder Charlie Javice and former executive Olivier Amar, as their lawyers accused the bank of using repeated billing objections to delay funding for their criminal defenses.

  • October 21, 2026

    Iran Money Trail Takes Center Stage At Huawei's RICO Trial

    The federal jury in Brooklyn weighing Huawei's fate for days heard testimony about the money trail, or lack thereof, from the company's purported Iranian unit and the Chinese telecommunications giant's U.S. payroll, as one of its defenses in the sanctions and trade secret theft trial began to take shape.

  • October 21, 2026

    Snap Financial Reaches $664M Settlement With Red States

    Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

  • October 21, 2026

    States Rip OCC's 'Beltway-Centric' Bid To Move Escrow Suit

    An Oregon-led coalition of states is pushing back on a U.S. banking regulator's bid to throw out or transfer the coalition's lawsuit over the regulator's new rules that block their interest-on-escrow laws, arguing its "Beltway-centric view of the world" doesn't mean they were wrong to sue in Portland.

  • October 21, 2026

    Fla. Judge Mulls Tossing Stock Fraud Indictment Over Delay

    A Florida federal judge on Wednesday declined to rule on whether to toss an indictment against a man accused of stock fraud conspiracy, saying the court should first weigh additional evidence that the government tried its best to prosecute the five-year-old case.

  • October 21, 2026

    Marex Says Developer Sank CME Ventures Investment Deal

    Financial services firm Marex Capital Markets and two of its executives have sued a British software developer in Illinois federal court, alleging the developer sabotaged a potential investment by CME Group's venture capital arm in Marex's options-trading platform by secretly accusing them of stealing trade secrets, committing fraud and violating exchange rules.

  • October 21, 2026

    Crypto Broker Gets 13 Years For Laundering Drug Money

    A Manhattan federal judge hit a Colombian cryptocurrency broker with over 13 years in prison Wednesday after he copped, along with a businessman with ties to the Cartier family, to laundering $14.5 million worth of Tether that facilitated narcotics transactions.

  • October 21, 2026

    NM Accuses Epstein's Aides Of Enabling Sex Trafficking

    The state of New Mexico and its attorney general sued the co-executors of Jeffrey Epstein's estate Wednesday, claiming the two aides continue to profit off their roles in Epstein's sex trafficking scheme.

  • October 21, 2026

    Trade Court Blesses Retroactive Korean Steel Duty Findings

    The U.S. Court of International Trade adopted a Federal Circuit reversal directing the court to allow the U.S. Department of Commerce to adjust its countervailable duty rate for a South Korean steel manufacturer by reconsidering earlier determinations.

  • October 21, 2026

    Blank Rome Lands 4 Hogan Lovells Commodities Lawyers

    Blank Rome LLP has brought on a four-attorney, New York-based commodities team from Hogan Lovells Cadwalader that advises clients in the financial services and energy industries.

  • October 21, 2026

    OCC Finalizes Stablecoin Rules, Drops Disputed Yield Plan

    The Office of the Comptroller of the Currency on Wednesday finalized its rules for stablecoin issuers under its purview, issuing a 700-page document expected to set the baseline for other federal and state stablecoin frameworks.

  • October 20, 2026

    11th Circ. Upholds Producer's Financing Scheme Conviction

    The Eleventh Circuit on Tuesday refused to disturb the conviction and sentencing of a producer accused of stealing $68.7 million from film and theater investors and producers, ruling that the producer hasn't shown that the district court made any mistakes.

  • October 20, 2026

    Flagstar Bank Sued Over Nussbaum Escrow Account Fraud

    A purported victim of ex-attorney Michael J. Nussbaum's Ponzi scheme on Monday accused Flagstar Bank NA of helping to facilitate the alleged $149 million escrow account fraud, claiming that the bank long knew about questionable transactions but didn't shut it down.

  • October 20, 2026

    CFPB's Debanking Push Puts Enforcement Reset To The Test

    The Consumer Financial Protection Bureau is pledging to crack down on allegedly discriminatory debanking practices, but this enforcement initiative could put the agency on a collision course with both the limits of its authority and its commitment to avoiding "novel legal theories."

  • October 20, 2026

    Capital One Didn't Provide Sign Language Help, Worker Says

    A former Capital One data analyst filed a $1 million suit in Virginia federal court Monday alleging the bank holding company retaliated against her for complaining that it failed to consistently provide a qualified American Sign Language interpreter during work meetings or provide other reasonable accommodations so she could do her job effectively. 

  • October 20, 2026

    Zymergen Investors Win Final OK Of $125M IPO Deal

    Investors in the now-defunct biotechnology company Zymergen received final approval of their $125 million deal ending claims that the company misled shareholders ahead of its initial public offering, while plaintiffs' attorneys also had their fee request approved. 

  • October 20, 2026

    3 Firms Steer $1.97B Tradeweb, Trumid Credit Trading Deal

    Tradeweb Markets Inc. has agreed to acquire credit trading marketplace Trumid Holdings for approximately $1.97 billion, as the fixed-income trading platform looks to expand its presence across the bond life cycle.

  • October 20, 2026

    Hunton Adds Husch Blackwell Commercial Litigator In Dallas

    Hunton Andrews Kurth LLP said it has added a nationally recognized litigator with nearly two decades of experience to its commercial litigation practice.

  • October 19, 2026

    FCRA, TCPA Drive Consumer Protection Suits To 10-Year High

    Consumer protection litigation in federal courts hit a 10-year high in 2025, fueled by a rise in credit reporting and telemarketing disputes, and these gains show no signs of abating as the emergence of artificial intelligence tools sparks more grievances, according to a new report by Lex Machina.

  • October 19, 2026

    Justices Urged To Hear Case Targeting FINRA Enforcement

    The U.S. Supreme Court has been asked to hear a case challenging the ability of the Financial Industry Regulatory Authority to impose fines through an in-house disciplinary procedure with a broker who was penalized by the regulator, telling the justices that it was "futile" to first bring his constitutional arguments before the U.S. Securities and Exchange Commission.

  • October 19, 2026

    Insurers Want Unadmitted Report Axed From McCarter Brief

    A pair of insurers urged a Connecticut state judge Monday to order McCarter & English LLP to file a substituted post-trial brief in a more than $20 million malpractice case over commercial loan transactions, arguing the firm improperly quoted a report never admitted into evidence at trial this summer.

  • October 19, 2026

    Solar Lender Seeks Exit From Michigan AG's $81M Fraud Case

    A solar financing company accused of helping facilitate an $81 million scheme that allegedly left Michigan homeowners with inoperable solar systems and mounting debt has asked a federal judge to dismiss the state's claims against it, arguing that it cannot be held responsible for an independent installer's sales practices and that its lending disclosures complied with federal law.

  • October 19, 2026

    BofA Sued After $1.2B Fine For AML Compliance Gaps

    After the U.S. Department of the Treasury fined it $1.2 billion for anti-money laundering and financial-crime compliance system failures, Bank of America is facing two class actions asserting similar claims, including that it failed to monitor more than $5 billion in suspicious transactions.

  • October 19, 2026

    BofA Pushes To Dodge Renewed Military Interest Claims

    Bank of America urged a North Carolina federal judge to reject military service members' attempt to revive dismissed claims asserting that its credit card practices violated lending protections, arguing that they misinterpret the law.

Expert Analysis

  • 8th Circ. Ruling Limits Receiver Insurance Recovery Rights

    Author Photo

    The Eighth Circuit's recent ruling in King v. Texas Insurance illustrates a practical limit on receivership powers: A receiver may marshal insurance proceeds belonging to the estate but cannot expand the insured's contractual rights or make policy proceeds collectible unless the coverage triggers are satisfied, say attorneys at Kutak Rock.

  • Series

    Mentalism Makes Me A Better Lawyer

    Author Photo

    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • Why And How To Build A Neurodiversity-Informed Practice

    Author Photo

    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q3

    Author Photo

    Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

  • Foreclosure May Not Be The Fix For Distressed Office Loans

    Author Photo

    Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, tax planning and value-preserving leasing strategies as refinancing gaps and special-servicing constraints make foreclosure an increasingly costly last resort, says Howard Koh at Meister Seelig.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q3

    Author Photo

    Several developments from New York financial services regulators in the third quarter reflect a common theme — regulators are increasingly seeking to apply established supervisory expectations to newer market participants and emerging financial products, say attorneys at Blank Rome.

  • Why Importers Should Assess IEEPA Refund Claims Now

    Author Photo

    Businesses that wait for direction from U.S. Customs and Border Protection or the courts before seeking refunds of their finally liquidated International Economic Emergency Procedure Act duties in court may find them out of reach as the earliest potential limitation deadlines are approaching, says Samuel Finkelstein at LMD Trade Law.

  • 3 Illinois Updates That Bolster Mortgage Lender Enforcement

    Author Photo

    Illinois lenders can use clarifications from recent legislative and judicial developments — a law defining the limitations period for home equity loans and two rulings on quiet title actions and lien expirations during foreclosures — to sharpen their enforcement tools and better protect their mortgage rights, says Stephanie Mulcahy at Hinshaw.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q3

    Author Photo

    We are at an inflection point for Michigan financial services law, with a state Supreme Court decision recently overruling more than 25 years of precedent on the Michigan Consumer Protection Act, and pending legislation that could significantly shift the regulatory landscape, say attorneys and advisers at Dykema.

  • FinCEN Exemption Raises Statutory, Administrative Questions

    Author Photo

    The Financial Crimes Enforcement Network's recently rolled-out broad exemption for U.S. companies from Corporate Transparency Act reporting may face administrative law and statutory challenges, so businesses should still preserve ownership records and monitor litigation and congressional action, says David McCarville at Fennemore.

  • Testing AI's Promise For Large-Scale Document Review

    Author Photo

    Our document-review comparison of attorneys' responsiveness and issue coding decisions versus predictions generated by artificial intelligence across 1,600 documents suggests that these tools can offer a reasonable and reliable basis for improved discovery workflows, provided lawyers understand where guardrails are needed, say attorneys at Redgrave.

  • FDIC Standards Body Could Ease Bank Vendor Due Diligence

    Author Photo

    The Federal Deposit Insurance Corp.'s recently proposed standards body for bank vendors could streamline due diligence and onboarding, but banks and their third-party service providers alike should still monitor open questions around oversight, certification costs and governance, say attorneys at Clark Hill.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

    Author Photo

    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

  • What Comes Next For Digital Asset Regs After Clarity Act Flop

    Author Photo

    After the U.S. Senate recently blocked the Digital Asset Market Clarity Act, agency rulemaking could still offer a near-term remedy, and companies meanwhile should monitor the existing framework assembled from enforcement precedent and case law in the absence of a purpose-built statute, say attorneys at Ropes & Gray.

  • UBS Settlement Shows Cost Of Delayed AML Fixes

    Author Photo

    A recent Financial Crimes Enforcement Network settlement with UBS over failure to implement anti-money laundering remediation shows that regulators value prompt fixes and remain focused on the role of financial institutions in facilitating narcotics trafficking and cartel activity, say attorneys at Miller & Chevalier.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.